Why Your Employees Are Your Most Important Assets

Written by Small Business Magazine on June 19, 2017. Posted in Dallas job placement agencies, Dallas temp agency, Temporary employment agencies fort worth

Employment agencies dallas

To make a living, we have to work. To survive in our society, we have to work. For some of us, this means finding employment opportunities for salaried positions right away after graduating from college. For others, it may mean going to a trade school to become specialized in a trade that will make finding a job easier. Yet, for others, finding a job may be more difficult and a temp agency may be the way to go. And then there are those who take great leaps of faith and start their own businesses. For these individuals, the difficult part is not finding the job, but filling positions with above average employees.

This is a difficult decision because the employer’s goal is to find a hard-working, intelligent individual who will help to make money for the company. A bad hiring decision can lead to many problems down the road, including stress on management and loss of money, if the individual must be fired or leaves earlier than anticipated. In fact, employee turnover costs can range from 30% to 150% of the employee’s salary. These costs easily add up if multiple poor hiring decisions are made!

Luckily, using a staffing agency to help make these important decisions can be incredibly useful and help avoid such problems. A staffing agency will do most of the heavy lifting for the company, in fact. They find potential candidates, interview them, and pass them along if they feel the candidate is a good fit for the company. And, better yet, temp agencies often have temp to hire programs, in which potential employees fill a position temporarily as a “trial period.” If your company feels that the new employee is the perfect fit, then it is a simple matter to offer the position to the candidate. However, deciding to go in a different direction has less of a financial impact on the company.

With a staffing agency, this process can also help to maintain employees and reduce turnover rates. With a structured on boarding process, such as the trial period with included training, new hires are more than 50% more likely to stay with that company for at least three years. It is important to note that, if employee turnover is a problem at a company, improving the on boarding process is not the only change that should happen. It is also beneficial to incorporate other programs, such as employee recognition programs. More than three quarters of companies with such programs cite this as leading to a huge increase in employee happiness, which then leads to a reduced turnover rate.

Employees are perhaps one of the most important assets to a company. They can essentially make or break the company, as high turnover rates only lead to increased costs. However, a strong employee base not only reduces costs, but also helps the company to increase revenue more efficiently. By finding strong, hard working individuals and keeping them happy, companies can be far more successful.

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